Bitcoin drops below $100K amid profit-taking

Bitcoin has fallen below the $100,000 mark following a wave of profit-taking, according to Barron’s. Earlier this week, the cryptocurrency surged to an all-time high of $108,379.28 before losing momentum. Pepperstone analyst Chris Weston noted that while a price collapse seems unlikely, the upward momentum has dissipated, and buyers no longer dominate the market. Bitcoin is currently trading at $95,123.75, down 6.36% over the past 24 hours, according to CoinMarketCap.